Pharmaceuticals Sector

Valuation of Pharmaceutical Market: India’s domestic pharmaceutical market stood at US$ 42 billion in 2021 and is likely to reach US$ 65 billion by 2024 and further expand to reach US$ 120-130 billion by 2030.

  • The Indian Pharmaceutical industry is currently ranked third in pharmaceutical production by volume.

Valuation of Biotechnology Industry: The Indian biotechnology industry was valued at US$ 70.2 billion in 2020 and is expected to reach US$ 150 billion by 2025.

Medical Devices: India’s medical devices market stood at US$ 10.36 billion in FY20.

  • The market is expected to increase at a CAGR of 37% from 2020 to 2025 to reach ....
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